It was an intense day in the bullion markets with volatility hitting gold and silver prices, following a ‘tweak’ to the trade tariffs imposed by former President Trump. Analysts point out that the turbulence experienced attributes to the unpredictability that stems from changing trade policies. Despite this volatility, many investors remain steadfast in their faith in precious metals as safe haven assets.
This ‘tweak’, as it’s been labelled, has resulted in significant price movements. Gold saw a substantial decline, while silver experienced both lows and highs before settling. This unsettling scenario in the bullion markets reflects the intricate and delicate relationship that precious metals have with international trade policies.
Whilst fluctuations in the market are anything but unusual, what makes this situation unique is the fact that the volatility has been triggered by amendments to an erstwhile government’s policies, a rare occurrence indeed. Extra vigilance is necessary for investors and traders to navigate these choppy waters successfully. Read More
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